Bullish on Snowflake Inc. ($SNOW)NYSE:SNOW is looking to break through a major resistance price of $205 and start snowballing to the north of the charts. Targeting the $300 price which is the next major price level.
Snowflake has demonstrated remarkable revenue growth since its IPO!!
As businesses increasingly migrate to the cloud for data storage and analytics, Snowflake's innovative cloud-native data platform stands out. Its architecture allows for seamless scalability, flexibility, and real-time data insights, making it a preferred choice for enterprises seeking advanced data solutions
The company's subscription-based model, coupled with a diverse customer base, contributes to a steady revenue stream. With a rising demand for cloud data warehousing and analytics, Snowflake is well-positioned to capitalize on this trend and continue its impressive revenue trajectory which will reflect its stock price.
Make it SNOW $$$
Cloudstocks
SNOW Snowflake Options Ahead Of EarningsIf you haven`t sold the Head and Shoulders bearish chart pattern:
or played the reversal last time:
Now looking at the SNOW Snowflake options chain ahead of earnings , i would buy the $150 strike price Calls with
2022-12-16 expiration date for about
$10.30 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Dropbox (DBX) tradeDropbox (DBX) trade
Hi everybody, Lazy Bull here of Save & Invest,
let's start this 2022 business, which will bring numerous innovations for those who follow me, with a limit order that I had in the market for some time, executed yesterday after the third consecutive reversal of the S & P500.
My trade, you can see from the screen, was $ 22.77, the low of the day was 22.70.
Magic? Crystal ball? ... obviously!
Joking aside, I have been telling you for months and showing you that the market is driven by only one thing, volumes. Whether they are institutional, retail, programmed algorithms ... the volumes on the price ranges are the REAL supports and resistances.
So why $ 22.77? Simply because it coincides with the POC of the last 2 years.
It can move, it could go up or down, depending on the time we select. Generally, I always check the poc of the last year and the previous one, to find the price levels where to make an entry or an accumulation (if we are talking about a long-term investment).
In the case of Dropbox, not being particularly volatile, I expect a rather long trade, although of course there is always the exception to the rule.
Said so it seems very simple, but obviously you cannot reduce everything to the purchase on the POC, also because this event does not always occur. Studying daily and having a method is the key to success.
Target price:
- $ 25.22: take profit for a quick 10% profit
- $ 28: important volumetric level
- $ 31: level where you can completely close the position
Happy trading
Lazy Bull
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
Quisitive Technology Solutions TA and thoughts $QUIS.VHey Folks,
Quisitive won Microsoft's Healthcare Partner of the year award today. This was made possible by Quisitive acquiring MazikGlobal which was a premier partner of Microsoft prior to; they were (Quis is) considered "Partner 0" in Healthcare for Microsoft. In addition to LedgerPay Bank Sponsorship being announced, Quisitive has some stuff going for it. It has been getting strong PT upgrades. I think it is one worth watching over the next week to see how it behaves around entry into -3SD data territory. Regression to the mean is our friend here if you are long. Buyers matching sellers for some tight action over a couple days could set that up. Eyes on Volume.
If Quis slips into that last channel I believe It will present a great buying opportunity for a long add. I have a Limit buy in for $1.48 to catch any weakness tmrw on the open, adding to my own position.
Please note I had links to the stated accomplishments (award and PT) but TV wont let me publish the idea with links in the notes here. I used yahoo finance and tipranks to source those pages. You can find them across other sites as well.
Please do your own DD and follow your own trading rules.
All the best,
Luke
Dropbox is in the buy zone It is touching its 55 EMA on a daily candle timeframe.
It is at a point that served as resistance on February 8 and which subsequently functioned as support on 2 occasions, so it could be considered a strong reaction zone.
It has been in an uptrend since November 2 of last year, a continuation could serve to send prices to new all-time highs.
The money flow indicator double bottomed between April 21 and 29 and then began to rise (a situation that is not yet reflected in the price).
NASDAQ:DBX
Telos Corp, a buy option It has a support level at $34 and resistance at $40, currently trading around $ 37.
Touching its 55-period EMA.
In uptrend since December.
Belonging to a sector with future potential (cybersecurity).
With low volume waiting for a strong movement.
It can hit the $50-60 range during this quarter.
Among its main customers are the Department of Defense, Department of Homeland Security, Department of State, FedEX, Citi, Amazon, Salesforce, Microsoft, among others.
Backed by institutional investors like BlackRock, Vanguard, Goldman Sachs, Wells Fargo, and Citigroup.
"Telos Corporation is a provider of cyber, cloud and enterprise security solutions for the security-conscious organizations. Telos Corporation is based in ASHBURN, Va."
* It will report fourth quarter and full year 2020 financial results after the market close on Thursday, March 4, 2021
NASDAQ:TLS
AYX - Break out of Triangle patternAlteryx, Inc. provides self-service data analytics software platform. They have beaten 4th quarter earnings for past 3 years and Im looking for them to beat again. They have just broken out of triangle pattern on daily chart (could also be double bottom pattern). The Feb options put call ratio is high at .97, so risky to hold thru earnings. $130 calls and $130 puts have the highest OI.